There are two risks that seriously threaten the cryptocurrency market.
1- The first danger:
The government ban or the international ban on encrypted currencies, as India did, for example.
The Indian government decided to ban Bitcoin and the rest of the cryptocurrencies in preparation for issuing their own digital currency...
What if all countries of the world did this?
Will Bitcoin and the rest of the cryptocurrencies survive the destruction?
It will certainly be difficult and fraught with real risks threatening the existence of full cryptocurrencies to be replaced by government digital currencies!
2- The second risk:
Some people and organizations control unfair and unreal price bubbles of cryptocurrencies, which makes them more like the mouth of an erupting volcano...
Like what Elon Musk did...
He wrote one tweet that caused the price of Bitcoin to rise to about 38 thousand dollars after a drop to less than 32 thousand!!
And another tweet made the price of Dogecoin rise to more than 5 cents after it was less than one cent!!
Imagine that this happened just because of a signal from Elon Musk to support the two currencies... Does this reflect a real market or really strong currencies?!
Imagine, for example, that Elon Musk - or someone else - wrote a tweet today about Bilalmm's currency (meaning a fictitious name), and suddenly the price of this currency doubled 100 times !!
I think that the coming days or maybe months will bring unpleasant surprises to the cryptocurrency market and its speculators !!
